 "IBM Acquires Datacap")
IBM has announced the acquisition of Datacap Inc, a privately-held company based in Tarrytown, NY. Datacap is a provider of software that enables organisations to transform the way they capture, manage and automate the flow of business information to improve business processes, reduce paper costs or manual errors and meet compliance mandates. Financial terms were not disclosed.
The acquisition strengthens IBM’s ability to help organisations digitise, manage and automate their information assets, particularly in paper-intensive industries such as healthcare, insurance, government and finance.
Datacap’s client and partner investments in existing IBM and Datacap technologies will be preserved.
“Transforming the way organisations do business requires not only a powerful and flexible technology platform to accommodate the wide range of business requirements, challenges and goals, but also a deep understanding of the processes of the industries in which our clients operate,” said Ron Ercanbrack, VP- Enterprise Content Management, IBM. “We’ve chosen to make Datacap’s approach the foundation of IBM’s document capture strategy. Datacap’s approach to image capture, using sophisticated business rules management, sets it above the rest in the industry and provides the most complementary capabilities for IBM.”
“Datacap has developed the most advanced and flexible document capture platform on the market today. By teaming with IBM, we will now have the reach to satisfy customer demand around the globe,” said Scott Blau, Former CEO of Datacap and now Director of Enterprise Content Management, IBM. “After fifteen years partnering with IBM, we’ll hit the ground running with products that are tightly integrated into the IBM ECM offerings and can compete across the board in document capture.”
IBM intends to integrate Datacap within its ECM business, which is part of IBM’s Software Solutions Group.
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